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Video: What is a Stock Split?
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Qumu is engaged in disc publishing business. Co.'s disc publishing systems are divided into three main product lines: the Producer line for production of recordable compact disc (CD), digital versatile disc (DVD) or Blu-ray media; the Professional line for front office production of recordable CD, DVD or Blu-ray media; and the Desktop line for office and other desktop applications. Co.'s enterprise content distribution software distributes content through two delivery systems: live and on-demand streaming video through its enterprise video communications product line; and content delivery to tablets, smart phones and personal computers through its Signal online content delivery solution. According to our RIMG split history records, RIMG has had 2 splits. | |
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RIMG (RIMG) has 2 splits in our RIMG split history database. The first split for RIMG took place on November 30, 1998. This was a 3 for 2
split, meaning for each 2
shares of RIMG owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. RIMG's second split took place on April 10, 2000. This was a 3 for 2
split, meaning for each 2
shares of RIMG owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split.
When a company such as RIMG splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the RIMG split history from start to finish, an original position size of 1000 shares would have turned into 2250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RIMG shares, starting with a $10,000 purchase of RIMG, presented on a split-history-adjusted basis factoring in the complete RIMG split history.
RIMG -- use the split history when considering split-adjusted past price performance. |
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Date |
Ratio |
11/30/1998 | 3 for 2
| 04/10/2000 | 3 for 2
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